Australia’s Qantas sees $1.36 bln annual spending goal

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Australia’s Qantas sees $1.36 bln annual spending goal

SYDNEY, Nov 19 (Reuters) - Qantas Airways Ltd QAN.AX is focusing on about A$2 billion ($1.36 billi


SYDNEY, Nov 19 (Reuters)Qantas Airways Ltd QAN.AX is focusing on about A$2 billion ($1.36 billion) a yr in spending that can allow its fleet to get replaced inside 20-25 years, the airline mentioned in a presentation on Tuesday.

Australia’s flag service additionally mentioned it expects capability progress to be little modified within the first half of fiscal 2020.

($1 = 1.4691 Australian {dollars})

(Reporting by Jamie Freed Enhancing by Chris Reese)

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